Commerzbank
ESG Presentation
1. Sustainability Approach
2. Social Dimension
3. Client Business Sustainability
4. Outlook
Group Investor Relations | Frankfurt | July 2021 | 2 |
Sustainability approach
Management view and core beliefs
With the new stratgey sustainability is where it belongs: at CEO level
-
Sustainability is a central building block of a strong and, above all, future-proof
Commerzbank. […] Commerzbank already has many examples that show the
importance of the topic for our bank" (Dr. Manfred Knof at Capital Markets Day, February 2021)
Sustainability as a business
opportunity
- Every client is affected by transformation - we offer innovative products and services to support our clients in the best way
- Customers expect sustainable banking - only if we offer credible products and solutions we will sustain
-
Digitization and sustainability go hand in hand
- we want to use those synergies
Sustainability has to be approached holistically
- We understand sustainability across all dimensions
-
Sustainability affects all segments of our bank
- operations, product offering, risk management
Sustainability needs to be managed consequently
- Climate and ESG related risks are potential risks for our clients and for us - we identify, monitor and manage these risks consequently
- Customer relationships which are not sharing our core beliefs will be carefully looked at
Status Quo
- Since Dr. Manfred Knof took over as CEO in 2021, sustainability is directly within his responsibilities, establishment of Group Sustainability Management
- Sustainability is besides customer-centricity,digitization and profitability an integral cornerstone of our new strategy program for 2024
- Commerzbank recognizes sustainability not only as a trend but also as a duty for our customers, society and future generations
- Currently there are three sustainable finance experts serving on the supervisory board to ensure a holistic anchoring of the topic within management body
Group Investor Relations | Frankfurt | July 2021 | 4 |
Net Zero Commitment at the heart of our sustainability
strategy
Sustainability framework
Implementation of sustainability KPI's
Internal & external transformation goals
ESG control matrix to monitor transformation
"We make banking sustainable - for
our customers, for us, for everyone".
"It is our aim to actively shape environmental change. We empower our clients in their
sustainable transformation and accelerate the bank transformation at the same time!"
One of the first Net Zero-Banks in Germany
Strong focus on climate change
Constant expansion of activities to "S" and "G" and additional environmental issues
Group Investor Relations | Frankfurt | July 2021 | 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Commerzbank AG published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2021 05:43:15 UTC.